Herbalife Ltd. shares rose over 5% following preliminary first-quarter results that beat previous guidance. The company is simultaneously launching an $800 million senior notes offering to optimize its balance sheet.
- Net sales growth projected at 7.5% to 8.0% YoY
- Preliminary results beat previous company guidance
- Proposed $800 million senior secured notes offering
- Funds earmarked for debt repayment and credit facility refinancing
- Shares rose 5.22% to $16.34 in early trading
Sign up free to read the full analysis
Create a free account to unlock full AI-curated market articles, personalized alerts, and more.